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Old Posted Mar 19, 2020, 4:15 PM
mrnyc mrnyc is offline
cle/west village/shaolin
 
Join Date: Jul 2006
Posts: 11,749
well, here's the hard news to date



Cash 'Calamity' Looms for Mass Transit

Mass transit — the lifeblood of New York City and across the region -— has remained running normally, albeit with many fewer people.

MTA Chairman Pat Foye said that a funding "calamity" looms because of the plunge in ridership; he said the agency has lost hundreds of millions in unexpected expenses and that a federal bailout is "urgently" needed.

The MTA needs around $4 billion. Asked Wednesday what would happen if a bailout didn't come, Foye told 1010 WINS he would not even contemplate it.

New York City subways are down 60 percent, with buses down nearly 50 percent. Commuter railroads have been hit even harder: LIRR is down 67 percent, while Metro-North is down a staggering 90 percent, a number almost hard to believe for one of the busiest rail systems in America.

NJ Transit, which also runs one of the nation's busiest commuter networks, has asked Congress for a $1.25 billion bailout just to survive, according to Politico. CEO Kevin Corbett said ridership has plunged 88 percent in 10 days, just since March 9, and that fare revenue has fallen accordingly, Politico reported.



more:
https://www.nbcnewyork.com/news/coro...-dead/2333955/
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